Nanosilver Market to achieve 15.6% growth by 2024
Date: 2018-12-14   Author: Rahul Varpe  Category: #market

Nanosilver Market to achieve 15.6% growth by 2024

Global Market Insights, Inc. adds a new Nanosilver Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Nanosilver Market size is poised to exceed USD 3.3 billion by 2024. Robust demand for anti-microbial coating across food & beverage industry, healthcare, consumer applications, personal care, etc. will boost nanosilver market size. This is chiefly due to anti-microbial properties possessed by product which helps across several applications in the aforementioned industries. For instance, in the medical industry, product is used to manufacture tubes, bandages, ointments, etc.

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Sturdy growth in nano-technology based consumer electronics in North America will help in attaining promising gains in the nanosilver market size in the coming years. It is extensively used in manufacturing electronic devices & equipment owing to its high thermal & electrical conductivity in inks, pastes and adhesives.

Increasing demand for superconductors is expected to bolster growth of the nanosilver market which is credited to space restraints which is otherwise required for conventional cables. In addition, demand for nanosilver inks is growing due to need for higher resolution ink required in printed electronics, especially in gravure, inkjet and flexographic printing. These trends are anticipated to make noteworthy contribution to nanosilver market size.

Strict laws and standards formulated by the U.S. EPA, FIFRA and other regulatory agencies against product applications due to its harmful implications on environment & human health will obstruct nanosilver market size. In addition, high product cost will be another factor which is likely to hinder nanosilver market size.

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Nanosilver market size for physical mode of synthesis attained a prominent industry size which is anticipated to rise at a moderate rate by 2024. In physical mode, it is synthesized by evaporation and condensation which is carried using tube furnace at atmospheric pressure.

However, this mode is not preferred for product generation as tube furnace occupies large space and consume large amount of energy which needs significant amount of time to achieve thermal stability. Biological and chemical reduction mode of synthesis are usually preferred owing to several advantages including cost-effectiveness, energy efficient, etc. which is likely to help propel nanosilver market size in the forecast spell.

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Water treatment industry for nanosilver market size will witness growth close to 11% during the forecast timespan. This is primarily due to improving standards & legislations towards human health & environment primarily in the emerging economies which is likely to drive product demand over the projected timeframe. Product is extensively used as a disinfectant in drinking water supplies due to its biocidal properties.

Key nanosilver industry share contributors are Creative Technology, Blue Nano, NovaCentrix, NanoMas Technologies, RAS, SILVIX, Bayer MaterialScience, Cambrios Technologies and Inkron.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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